FSCHOOL QUIZ 01-03-2025 KNR/TLY

Which of the following option is used in tally to increase or decrease price level of all items by a certain amount/percentage

• Revise Price

• New Parent group

• Update Price

• Configure

Duties & Taxes comes under which group in balance sheet report

• loans(liability)

• Current Liabilities

• Current Assets

• Capital Account

Elemental Trade Links(Regular dealer from Karnataka) sold goods to AMC Pvt Ltd (Regular dealer from Tamilnadu) worth 500000 . Under which head in GSTR-1 will have an effect in the books of Elemental Trade Links

• B2B

• B2CL

• B2CS

• CDNUR

Data Validation tool comes under which menu in excel

• Formulas

• Insert

• Home

• Data

Shortcut key to alter a master while making an entry

• Ctrl+Enter

• Alt+Enter

• Ctrl+N

• Alt+N

Which of the following groups have the feature of maintain balance bill-by-bill

• Sundry Debtors

• Sundry Creditors

• Duties&Taxes

• Capital Account

Answer explanation

Select multiple answers

Agst Ref can be used in the following scenarios

• While recording a purchase transaction

• While making payment against earlier purchase

• Purchase of fixed asset

• While recording return of goods

Answer explanation

Select Multiple answers

To open export menu which shortcut key is used in Tally

• ALT+E

• CTRL+F

• ALT+CTRL+F

• ALT+C

To open payroll voucher which shortcut key is used in Tally

• Ctrl+F4

• Ctrl+F

• Alt+F

• Alt+F4

Under sec 194C rate of TDS deducted from an Individual/HUF is

• 10%

• 1%

• 2%

• 0.1%